Daily
This dataset tracks daily over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
2/1/1960 - 8/31/2022
Summary
The 'Daily' economic trend measures the total value of retail and food services sales in the United States on a given day, providing insight into consumer spending patterns.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Daily' trend represents a daily snapshot of retail sales, which is a key indicator of economic activity and consumer confidence. Economists and policymakers use this data to analyze short-term trends and make informed decisions.
Methodology
The data is collected through surveys of a sample of retail and food service firms.
Historical Context
Policymakers and analysts monitor daily retail sales to gauge the health of the consumer sector and the broader economy.
Key Facts
- Daily retail sales data is released by the U.S. Census Bureau.
- Retail sales account for nearly 70% of U.S. economic activity.
- The 'Daily' trend provides real-time data on consumer behavior.
FAQs
Q: What does this economic trend measure?
A: The 'Daily' trend measures the total value of retail and food services sales in the United States on a given day, providing a snapshot of consumer spending patterns.
Q: Why is this trend relevant for users or analysts?
A: Retail sales are a key indicator of economic health and consumer confidence, so the 'Daily' trend is closely monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of a sample of retail and food service firms by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use the 'Daily' retail sales trend to assess the state of the consumer sector and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The 'Daily' retail sales data is released with a lag of a few days, and the sample size may not capture all economic activity, but it still provides timely and valuable insights.
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Citation
U.S. Federal Reserve, Daily (FINRECDP), retrieved from FRED.